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and if i also noticed a 12.5% rise in their defense budget, too. we've seen expressions of concern before the japanese, which is perhaps surprising. is that a waste of money? what's the feedback been on that rise? i know it's something they seem to do everything year, but still. >> right. and i think that that -- you hit the nail right on the head and that is that there was an expectation that the military budget spending was going to go up this year. in fact, it has for the past several years. that rise is the highest we've seen in the past three years. but not so much an unexpected thing, just because the government here has been talking about how it wants to modernize its military. there had been some recognition that china will be playing a greater role on the world stage. now, what was also interesting today on that note when you mention japan was the fact that the chinese premier also said that they wouldn't really stand for countries that try to reverse the course of history. so it was an oblique remark that people are attributing as to be a
and if i also noticed a 12.5% rise in their defense budget, too. we've seen expressions of concern before the japanese, which is perhaps surprising. is that a waste of money? what's the feedback been on that rise? i know it's something they seem to do everything year, but still. >> right. and i think that that -- you hit the nail right on the head and that is that there was an expectation that the military budget spending was going to go up this year. in fact, it has for the past several...
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cyclical versus defensive names. broad rally overall. look at the vix. the volatility index spiked up. not a big move but moved right back down to where it was in the prior days. historic highs across the board. on the mid cap, and the russell 2000. when the market moves this quickly and hits new highs quickly, traders are forced to move in. i want to ipoint out we've had activity in the russell 2000 etf, those people getting back in a big way. back to you. >> thanks for that, bob. always watching what's going on on the floor. >>> meantime, rick santelli in chicago. rick? >> thank you. i'd like to welcome our guest, former senator alan simpson. thank you for taking the time on the phone today, sir. >> yes, indeed. you've got a busy day out there with ukraine and everything else. but here i am in the whiles of wyoming, 40 degrees and lovely. >> well, let's get hit with the first topic. we're going to see the president's budget today. many are saying it's the end of austerity. do you think that we've come far since simpson-bowles, implemented policies that
cyclical versus defensive names. broad rally overall. look at the vix. the volatility index spiked up. not a big move but moved right back down to where it was in the prior days. historic highs across the board. on the mid cap, and the russell 2000. when the market moves this quickly and hits new highs quickly, traders are forced to move in. i want to ipoint out we've had activity in the russell 2000 etf, those people getting back in a big way. back to you. >> thanks for that, bob. always...
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Feb 28, 2014
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defense secretary hagel warned russia to respect ukraine's sovereignty and avoid provocative action. russia denied involvement in the airport seizures. this situation continues to be ugly and confusing. >>> men's apparel retailer jos. a. banks says it's talking to talk about a higher bid. that's the first time any of these folks said they wanted to talk to each other at all. men's warehouse raising from 57.50 earlier this week and added it would consider increasing that offer to $65 if it was allowed to conduct limited due diligence. hanging in the balance of all of this is eddie bauer which was maybe being played like a fiddle in trying to bring both of these guys back to the table. we always knew they wanted to do a deal of some sort. >> this merger makes sense. >> i would argue this makes more sense. >> these two companies should get together. if you're in your car you won't let them drive past the street where either one of these are located, right? you wouldn't wear a men's warehouse sock. there's no way. >> you know what i think i'm going to do next week? i'm going to dress hea
defense secretary hagel warned russia to respect ukraine's sovereignty and avoid provocative action. russia denied involvement in the airport seizures. this situation continues to be ugly and confusing. >>> men's apparel retailer jos. a. banks says it's talking to talk about a higher bid. that's the first time any of these folks said they wanted to talk to each other at all. men's warehouse raising from 57.50 earlier this week and added it would consider increasing that offer to $65 if...
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but the defense department wants to open it up to competition. spacex which already has a $1.6 billion contract to make a dozen robotic supply runs to the nasa space station, they want to compete in the major satellite launch program. musk says spacex can save taxpayers money and does not need big government subsidies. >> according to congressional records in fy-13 the air force paid an average of $380 million for each -- spacex's price is well under $100 million. meaning a savings of almost $300 million per launch. >> now, also on today's panel an official from the government watchdog agency the general accountability office but what we're really getting is a preview of what is shaping up to be a pretty big battle for the next major contract regarding satellite launch program. pretty interesting here. sara, back to you. >> an interesting to see him on the hill. thanks very much for the update hampton. >>> well since leaving the federal reserve ben bernanke turns out has been doing a little bit of traveling and picking up a nice paycheck as well.
but the defense department wants to open it up to competition. spacex which already has a $1.6 billion contract to make a dozen robotic supply runs to the nasa space station, they want to compete in the major satellite launch program. musk says spacex can save taxpayers money and does not need big government subsidies. >> according to congressional records in fy-13 the air force paid an average of $380 million for each -- spacex's price is well under $100 million. meaning a savings of...
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andresen's response and defense of his own actions on his website. in fact, i tweeted that out. apologies came out if it was looking like me. his website and his defense that i wanted to get out to people because it is the first time we've heard from mr. andresen. this morning the new icahn letter to ebay stock holder doesn't say much about paypal. it's wanting to know the truth about what happened with skype, raising questions about what ebay directors new about microsoft's interest in skype. 18 months later the investment group that purchased skype from eb ebay, but ebay helped 30% of the company and managed it from a higher price when it was sold to microsoft, about $8.5 billion. did mark andresen know at the time the group was purchasing a controlling interest from ebay that microsoft was interested. did he enter into a confidentiality agreement that prevented sharing information. a lot of questions continue. want to get to the broader issue in a minute. a manresponse from ebay and mr. andresen himself. he says, for example, ebay's retained ownership in the skype spin-off 30
andresen's response and defense of his own actions on his website. in fact, i tweeted that out. apologies came out if it was looking like me. his website and his defense that i wanted to get out to people because it is the first time we've heard from mr. andresen. this morning the new icahn letter to ebay stock holder doesn't say much about paypal. it's wanting to know the truth about what happened with skype, raising questions about what ebay directors new about microsoft's interest in skype....
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are you going to cut in defense? obviously with the minimum wage that doesn't increase the government budget. look, we're willing to look at combinations of things but the president has put his idea on the table. if my colleague paul ryan wants to put another idea on the table, we'll obviously take a look at that going forward. >> this is sort of symbol ig on both sides but to me, i was at least a little gratified, republicans think maybe you could do something with corporate taxation and, you know, something with the taxes that are staying overseas and do some infrastructure stuff, maybe they're open to that. at least there are seeds of what looks to be things that could get done. it's symbolic. i wish the president would be more persuasive about corporate tax reform. let me ask you one philosophical question, chris. >> yes. >> that is while we're trying to decide how to help people that need help, there are two thoughts. one is that we don't want to entrench people into dependency. you look at how many people are o
are you going to cut in defense? obviously with the minimum wage that doesn't increase the government budget. look, we're willing to look at combinations of things but the president has put his idea on the table. if my colleague paul ryan wants to put another idea on the table, we'll obviously take a look at that going forward. >> this is sort of symbol ig on both sides but to me, i was at least a little gratified, republicans think maybe you could do something with corporate taxation...
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you can no longer rely on perimeter the defenses anymore. and you have to assume that you have been macked and you have to have the technologies to go in to analyze all of the data and look for the outliers and the statistical anomalies and the unusual pattern. it is a 24 by 7 issue to try to defend yourself against cyberterrorism. i think that the agencies are just doing everything that they can to analyze the data to make sure they are looking for the outlier pattern. i don't think that they are doing the level of intrusion on the day-to-day citizen that the press would appear. but they are certainly looking for the outlier patterns that say, this is something that needs to be watched. so, you know, we at splunk, we don't condone spying or any type of internal intrusion just like you wouldn't, but i think that it is the new reality that you have to be able to analyze the data and a lot of it in order to find that needle in the haystack and looking to the unusual thing. it is a careful balance, but i tell our daughters and we tell them just
you can no longer rely on perimeter the defenses anymore. and you have to assume that you have been macked and you have to have the technologies to go in to analyze all of the data and look for the outliers and the statistical anomalies and the unusual pattern. it is a 24 by 7 issue to try to defend yourself against cyberterrorism. i think that the agencies are just doing everything that they can to analyze the data to make sure they are looking for the outlier pattern. i don't think that they...
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the russian and ukrainian governments are talking on a cabinet level today, and a russian defense official is discussing ukraine with nato members in brussels as well. so this is shaping up relatively nicely and quickly. and in the flurry of all this diploma diplomacy, we're getting a better sense of russia's and the west's end games. washington and berlin on the one hand are pushing this plan that would include international observers to replace the russian or pro-russian forces in crimea. they're asking for direct talks between moscow and kiev and new elections in may. the russians, on the other hand, want to see a return of that ousted ukrainian leader, viktor yanukovych. he would head a national unity government and the new elections wouldn't be in may but in december. there's obviously a big gulf between the two sides, but at least they are talking again. but if that doesn't work, becky, don't expect to see russia's forces pulling back from crimea any time soon. back to you. >> jim, thank you. that is certainly what we've seen play out just with the market reaction as well. they seem
the russian and ukrainian governments are talking on a cabinet level today, and a russian defense official is discussing ukraine with nato members in brussels as well. so this is shaping up relatively nicely and quickly. and in the flurry of all this diploma diplomacy, we're getting a better sense of russia's and the west's end games. washington and berlin on the one hand are pushing this plan that would include international observers to replace the russian or pro-russian forces in crimea....
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he said russian troops, no, no, no, they are pro-russian local defense forces. john kerry couldn't believe what he heard when he heard that. nbc's andrea mitchell said that to them and he was lost for words in the press conference he had today here in kiev. john kerry also disputing the russians' right to use military means, saying look, there's plenty of international agencies, the u.n., you can go through if you felt that ethnic russians were threatened as well. he also came back at those putin claims that there is an il legitimate government in kiev. he said the local government was voted in, of course it's the legitimate government. really interesting watching the sparring between putin and kerry and obama today. in other news, though, the much-needed finances are beginning to trickle through. you mentioned that $1 billion in loan guarantees, that is much needed here as well. kerry also offering technical assistance and help towards international observers as we get towards that all-important may 25th election. yes, the tension is lessened a little bit but t
he said russian troops, no, no, no, they are pro-russian local defense forces. john kerry couldn't believe what he heard when he heard that. nbc's andrea mitchell said that to them and he was lost for words in the press conference he had today here in kiev. john kerry also disputing the russians' right to use military means, saying look, there's plenty of international agencies, the u.n., you can go through if you felt that ethnic russians were threatened as well. he also came back at those...
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to me, they should be the first line of defense. but i don't rule out monetary policy. >> if i could, thank you very much for that detailed response. we were just in london meeting with regulators there. i know there's a large concern about balkanization of our markets. and i know there was some discussion about trying to discussion that with the eu/us trade agreement. i know they're not interested in that but i want to raise that issue because it does need to be addressed and i think the fed will take a major lead in that. the final point, in orderly liquidation that we're entitled to was put together and i think a lot of us worked on together and i'm proud of that title ii and it's not exactly the way any of us would like for it to be. but one of the things, even though it was orderly liquidation, i think the fede l federal -- fdic realized when they went through the process, these entities are so intertwined, there's really not a way to orderly liquidate. so instead they're coming in through single entry to the holding company. o
to me, they should be the first line of defense. but i don't rule out monetary policy. >> if i could, thank you very much for that detailed response. we were just in london meeting with regulators there. i know there's a large concern about balkanization of our markets. and i know there was some discussion about trying to discussion that with the eu/us trade agreement. i know they're not interested in that but i want to raise that issue because it does need to be addressed and i think the...
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ukraine also putting the spotlight on defense stocks. and those stocks just aren't going down. time to get in. back to scott and the halftime team. >> ty, thanks so much. the dow down by more than 200 points. technology, discretionary, financial stocks leading the decline as tensions escalate in ukraine. look at the dow, as the markets, s&p and nasdaq, some of the smaller indices and mid-caps hitting new highs last week at least giving 1% of that back today on the news over in ukraine. let's do our trader blitz now. four trades on four stocks making news today. first up, operating expenses are expected to expand this year as the company invests more in sales and marketing. josh. >> very similar to triple d. it's compatriot in the space. i think if they didn't have such a bad geopolitical match off the stock would be up. revenue grew by 60% year over year. earnings was a beat as well. had a lot of good things to talk about qualitatively, just not enough given what the market's doing today. >> pete, two top microsoft execs out. >> right. i think tony wanted to be ceo, he didn't g
ukraine also putting the spotlight on defense stocks. and those stocks just aren't going down. time to get in. back to scott and the halftime team. >> ty, thanks so much. the dow down by more than 200 points. technology, discretionary, financial stocks leading the decline as tensions escalate in ukraine. look at the dow, as the markets, s&p and nasdaq, some of the smaller indices and mid-caps hitting new highs last week at least giving 1% of that back today on the news over in...
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you have defense contractors going higher, gold going higher, and the market selling off, and i know we rally back. but maybe people are thinking this is going to get worse. i do think the trade in this place is gold, number one. that's the place to go. >> let's be clear. you sold ahead of obama's statement on ukraine on friday. and now, you bought today. >> before obama spoke, i took a lot of risk off because i didn't know what he was going to say. i didn't want to buy anything. on sunday night, i bought gold, silver and oil. those are the first things i did. >> let's look at our chart of the day. commodities moved higher today. and there's so many being affected by this particular unrest in ukraine. >> i've been watching this. and commodities are up 16 of 20 days. this is proceeding some of the worst of the ukraine crisis. you look at what's happening. pgm is obvious. they're a flight to quality. but what's going on in yeern europe, you have a case of 50% of the economy of ukraine is exports. but it's more in salts and ages. we know that historically they've used the ukraine as a w
you have defense contractors going higher, gold going higher, and the market selling off, and i know we rally back. but maybe people are thinking this is going to get worse. i do think the trade in this place is gold, number one. that's the place to go. >> let's be clear. you sold ahead of obama's statement on ukraine on friday. and now, you bought today. >> before obama spoke, i took a lot of risk off because i didn't know what he was going to say. i didn't want to buy anything. on...
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putin's called them pro-russian self-defense forces, not russian troops. you're right, i spoke to the ceo of the biggest investment bank here. he's a russian speaker, he's a czech who has been here for 17 years. i said well, look, is there any problem for russian speakers in this country. he said he's seen none of it, ever, in his 17 years in the country. i mentioned he's a czech so i said to him look, people are saying is this the biggest cold war time situation since the czechoslovakia invasion in 1968 by russian forces. he said 1968, how about 1938, when the germans went in, that's where your comparison is. if you look at the kind of rhetoric used by hitler to protect those native german speakers in 1938, it's eerily reminiscent from what we've heard from the russian administration, the kremlin. >> a chilling, chilling analogy there, steve. very interesting. what is next for secretary kerry? i gather he is in kiev or has been in kiev today. where does he go from there? >> reporter: well, let me just tell you one thing that he did which was very symbolic
putin's called them pro-russian self-defense forces, not russian troops. you're right, i spoke to the ceo of the biggest investment bank here. he's a russian speaker, he's a czech who has been here for 17 years. i said well, look, is there any problem for russian speakers in this country. he said he's seen none of it, ever, in his 17 years in the country. i mentioned he's a czech so i said to him look, people are saying is this the biggest cold war time situation since the czechoslovakia...
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i think france and great britain spend a fair amount on their defense. it would be useful if they spent more but i don't think that's the key to resolving this crisis. >> how far -- keep going. >> it would also be useful for the european union and individual european states to levy sanctions on russian leaders. russian leaders keep their money in europe. that would be a strong disincentive for aggression. >> on vladimir putin? >> yes. >> when he decides he's not going to send them all the natural gas, one-third of which they consume from russia, and they are paying through the nose and their economy still isn't recovered, why would they do that? >> that's a fair question. keep in mind if putin doesn't sell it to europe, he doesn't sell it. russia needs to sell it to europe as much as europe needs to buy it from russia. >> you think it's symbiotic enough that would never come to pass? >> i can't rule out putin playing a game but it's not something he can sustain. look what happened to the ruble today. >> it's gotten punished today and we've asked the ques
i think france and great britain spend a fair amount on their defense. it would be useful if they spent more but i don't think that's the key to resolving this crisis. >> how far -- keep going. >> it would also be useful for the european union and individual european states to levy sanctions on russian leaders. russian leaders keep their money in europe. that would be a strong disincentive for aggression. >> on vladimir putin? >> yes. >> when he decides he's not...
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, we need a post-9/11 defense posture. we need to re-examine our military industrial complex and how we're going to budget for it in the future. and so i would agree there's two silver linings even though the debt is exploding. we're talking 4x leverage debt that's being brought onto this budget, and that's really unconscionable. >> jared, let's face it, the president merely is planting a flag for an election year with this document. he's not really expecting this budget to pass any shape or form, is he? >> no. but i'd say it's more than planting a flag. i'd actually agree with jim in the sense that what we're doing here is looking for components within this budget where the two sides might find some compromise. >> like what? >> so, for example, you heard the tax piece that jim mentioned. i disagree that the white house is out of that loop. in fact, if you look at the president's corporate tax proposal, and by the way he was first on that, dave camp followed him, there's actually some room for agreement there. not only is
, we need a post-9/11 defense posture. we need to re-examine our military industrial complex and how we're going to budget for it in the future. and so i would agree there's two silver linings even though the debt is exploding. we're talking 4x leverage debt that's being brought onto this budget, and that's really unconscionable. >> jared, let's face it, the president merely is planting a flag for an election year with this document. he's not really expecting this budget to pass any shape...
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i'm not sure if defensive, maybe less aggressive is a better way to put it. i think that for the most part, we've established clear areas of support on the way up right now. i think you have to give the benefit of the doubt to the bulls. i think the market is weighed on right now main business because of the uncertainty out there. yes, we're seeing money moving into safe havens, if you will, into the dollar and into the bonds. still, for the most part, this is a blip on the radar. as long as it doesn't start to develop into anything larger. at this point, i think having seen the ruffle into all-time new highs, you have to give the benefit of the doubt to the bulls the again, the trend continues to be to the upside. >> as opportunity here for investors if they can sit tight. ben liblthen stein, president of traders audio.com. >>> that's it for today's show. "squawk box" is up next. >> announcer: welcome to a special edition of "squawk box." ask warren. legendary investor warren buffett, answering your questions during the entire show. the oracle of the economy
i'm not sure if defensive, maybe less aggressive is a better way to put it. i think that for the most part, we've established clear areas of support on the way up right now. i think you have to give the benefit of the doubt to the bulls. i think the market is weighed on right now main business because of the uncertainty out there. yes, we're seeing money moving into safe havens, if you will, into the dollar and into the bonds. still, for the most part, this is a blip on the radar. as long as it...
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retired army brigadier general mark kim et and former national security council senior director for defense and strategy barry pavel. i hope i have that right. mark, welcome back. some news reports are saying that the white house is putting the line out, that they're not going to the g8 meeting in sochi unless putin changes his mind and his attitude and proposal. i don't know precisely what they want him to do but i'm going to guess and you tell me, the white house wants putin to stand down in the crimea because that is still an issue. they own the crimea. they did not pull the troops out. they did not put the troops in barracks. they own the crimea and have disrupted its sovereignty. do you think that's what they're talking about in the white house is this. >> i don't know because they haven't been specific in what they want. if they think the actions they're taking right now are going to lead to the russian departure from the crimea, i think they've got another thing coming. crimea in general is a strategic asset to the russian navy on the mediterranean and i don't think anything can disl
retired army brigadier general mark kim et and former national security council senior director for defense and strategy barry pavel. i hope i have that right. mark, welcome back. some news reports are saying that the white house is putting the line out, that they're not going to the g8 meeting in sochi unless putin changes his mind and his attitude and proposal. i don't know precisely what they want him to do but i'm going to guess and you tell me, the white house wants putin to stand down in...
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defense secretary william cohen will weigh in later on "the closing bell." stay tuned. [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. yea, and these ideas are across the board -- bullish, bearish and neutral. i think you need a bigger desk, pal. another one? traders love our trading patterns, now with options patterns. what's not to love? they see what others are trading -- like the day's top 10 options trades by volume -- and get ideas! yea i have an idea: how about trading that in for a salad? [ male announcer ] so come trade at the place that's all about options and futures. option
defense secretary william cohen will weigh in later on "the closing bell." stay tuned. [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said...
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Mar 1, 2014
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to repeal obamacare, they want to go after regulatory overreach, they want to rebuild our nation's defenses, they want to be worried about entitlement reform and immigration reform. what dave camp did is introduce a giant side show that outrages much of the base and advantage of being a talk show host as you know sue hear from people and the phones lit up. people are angry that dave camp wants to raise their taxes and give them nothing in return. >> steve forbes, hewitt is seeing this as a tax hike. there are some tax hikes in here. i don't see it as a tax hike. maybe more broadly the republican party has to have a pro growth message and i think the tax reform message can work. this may not be perfect but where do you come out on this. >> i think putting tax reform on the table is good. i have some questions about what dave camp has done, that 35% bracket and raising the taxes on capital gains and dividends. by raising the standard deduction 95% of the people won't have to file a complicated return. corporate tax rate gets cut from 35 to 25. that's good. there's good elements. i see it as a
to repeal obamacare, they want to go after regulatory overreach, they want to rebuild our nation's defenses, they want to be worried about entitlement reform and immigration reform. what dave camp did is introduce a giant side show that outrages much of the base and advantage of being a talk show host as you know sue hear from people and the phones lit up. people are angry that dave camp wants to raise their taxes and give them nothing in return. >> steve forbes, hewitt is seeing this as...
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i think that puts putin on the defensive. >> i would agree, larry. i think this creates a different balance of power in the situation. you know, on the one hand western europe is quite dependent on russia for gas and oil particularly germany. on the other hand there's an interdependence factor that may mitigate the potential for continued aggressiveness by putin. he not only provides the gas and oil to western europe, but he depends on those markets for foreign exchange. the russian economy is vulnerable. ironically out of all of this, the extreme as a rule neblt and free fall of the ukrainian economy may eventually destabilize, because the strong support has definitely increased over the last few days. >> i couldn't agree more. this is a big thing. russia needs the foreign exchange. their economy is in terrible shape. you're exactly right. mr. mcfall, let me pursue this more. at this point, you tell me technically, i don't know, at some point all putin has to do is to tell his mill their people in crimea to stand down and go back to the bases and th
i think that puts putin on the defensive. >> i would agree, larry. i think this creates a different balance of power in the situation. you know, on the one hand western europe is quite dependent on russia for gas and oil particularly germany. on the other hand there's an interdependence factor that may mitigate the potential for continued aggressiveness by putin. he not only provides the gas and oil to western europe, but he depends on those markets for foreign exchange. the russian...
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as we heard in her defense yesterday she was not incredibly strident in her defense of gay rights this is probably a difficult situation. that's the vote. that's how it went. >>> best buy is reporting, i'm told, i haven't had the chance to look at it yet. we'll rush it out here as quickly as we can. waiting on the numbers to come up here. let me see where the stock is trading. i have a blank screen. >> many he, too. >> that sounds much better than expected although it says fourth quarter continuing ops was 88 cents for best buy. adjusted earnings, they've got $1.24. on revenue of $14.47 billion. they have more than a few numbers. they have a net number of 83 cents. a continuing operations number of 88 cents. and an adjusted number of $1.24. even though same-store sales in the fourth quarter well 1.2%. the stock is called sharply higher, though. initially i have -- i have a 27 bid right now on this right now. 27 bid and 27.89 ask. that would be up 1.20 or so. domestic comparable online sales up 26%, 25.8%. >> there were huge questions about this, because the holiday season when we first
as we heard in her defense yesterday she was not incredibly strident in her defense of gay rights this is probably a difficult situation. that's the vote. that's how it went. >>> best buy is reporting, i'm told, i haven't had the chance to look at it yet. we'll rush it out here as quickly as we can. waiting on the numbers to come up here. let me see where the stock is trading. i have a blank screen. >> many he, too. >> that sounds much better than expected although it says...
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troops in ukraine or anything like that, and a lot of the defense cuts. go back to the issue of how the u.s. asserts itself into situations geopolitically beyond its borders when -- take the ukraine as a prime example. this is about spending potentially billions and billions of dollars but is that pentagon money? >> no, not necessarily, but it's certainly u.s. dollars, wherever it comes from. i think the point about the future of the military is what wars do we have to be prepared to fight? what are the threats that we have to be prepared to face? we are a nation coming home from war, from afghanistan, after iraq. a nation that's more interested in using special forces and smaller footprints in terms of using our military. so i think it's going to be a long time before we would, you know, use troops for a land invasion jen whe invasion anywhere in the world. that's dictating how the u.s. is thinking about using its military in the future particularly at such a tough time economically for the country and a tough time in washington trying to balance its boo
troops in ukraine or anything like that, and a lot of the defense cuts. go back to the issue of how the u.s. asserts itself into situations geopolitically beyond its borders when -- take the ukraine as a prime example. this is about spending potentially billions and billions of dollars but is that pentagon money? >> no, not necessarily, but it's certainly u.s. dollars, wherever it comes from. i think the point about the future of the military is what wars do we have to be prepared to...
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condemning large scale human rights violations against its ethnic russians in the ukraine, the russian defense ministry confirmed that fighter jets were now on high alert along the border with ukraine that's of course part of the surprise, war games we've been reporting on since yesterday including long range aircraft, warships as well as some 150 troops and some 900 tanks. the main flash point is ukraine's crimea peninsula, strategic for russia, the home of the black sea fleet, scuffles broke out yesterday between proand anti-russian protesters outside crimea's parliament. overnight the building was seized by armed men speaking russian with rpgs, sniper rifles, in effect vigilantes who raised the russian flag over the building. today police surround that building hoping to contain the situation while ukraine's acting president warned russia that any troop movements outside of the black sea fleet base would be seen as an aggression against ukraine, and all of this going on, ross, based on as a result of many things but now we're seeing photos even of ukrainian armored personnel carriers and tr
condemning large scale human rights violations against its ethnic russians in the ukraine, the russian defense ministry confirmed that fighter jets were now on high alert along the border with ukraine that's of course part of the surprise, war games we've been reporting on since yesterday including long range aircraft, warships as well as some 150 troops and some 900 tanks. the main flash point is ukraine's crimea peninsula, strategic for russia, the home of the black sea fleet, scuffles broke...
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loans, but it is interesting to see year-over-year that they've gone up. >> and i heard people say in defense of autos, well, at least i can live inç my car. i could never drive my house. i don't know how encouraging -- >> that's a little stretch. i am encouraged that autos -- when i was running chrysler, we went from a 17 million -- >> annualized rate of auto production. >> i'm glad to see that coming back. housing, a little softness on price and volume last month, but all of the supply companies seem to be doing well. i think it's spotty. you have some sectors that are very strong. certainly today we saw banking. glad to see the market come back after the issue the other day. it was a nice little bounce back and so you've got a little bit of a mixed view out there on the economy. >> you've been through several business cycles. where are we in the current one and where do you see opportunities? >> i see a lot of opportunity out there. we were talking earlier about continually driving productivity and efficiencies. i think, you know, you innovate or you evaporate, and i think just when, you
loans, but it is interesting to see year-over-year that they've gone up. >> and i heard people say in defense of autos, well, at least i can live inç my car. i could never drive my house. i don't know how encouraging -- >> that's a little stretch. i am encouraged that autos -- when i was running chrysler, we went from a 17 million -- >> annualized rate of auto production. >> i'm glad to see that coming back. housing, a little softness on price and volume last month,...
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it's a defense area for them, and they took this stand. i think putin is going to test us to see how strong an alliance we have, particularly it's important for germany to be a part of this because that's going to make a big difference. and if we don't do anything, if we don't have a united front and if there isn't something very strong as an alliance, then i think he will move on through the rest of the ukraine which is even more dangerous. >> i understand the black sea, russian troops, navy -- but supposedly crimea has an independent legislature and independent prime minister. that system is there. the russians have totally disrupted it. they got their own guy in and a phony legislature and kiev can't do anything about it. but i don't see why the united states and nato, to use your point, nato may be stronger than the eu, has to give up on the crimea. i think that's invading sovereignty. we should make a stand on that, kay. >> no doubt about that. no doubt about that. but we have to move as an alliance. that is my point. or we will be a
it's a defense area for them, and they took this stand. i think putin is going to test us to see how strong an alliance we have, particularly it's important for germany to be a part of this because that's going to make a big difference. and if we don't do anything, if we don't have a united front and if there isn't something very strong as an alliance, then i think he will move on through the rest of the ukraine which is even more dangerous. >> i understand the black sea, russian troops,...
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i think europe will play defense and the u.s. will be worried about where its economy is going. >> it's interesting that you are saying that as a lot of people are thinking that the united states are steaming ahead, whereas europe is sort of stagnating. >> i would say the way europe has approached it is more long-term sustainable. the u.s. problems are in the future but they're major problems. the european problems are much more observable. if you like, europe has an upside down iceberg with most of its problems on the surface and the u.s. is an iceberg. >> we're just getting some flashes across the wires about egypt, apparently reappointing the petroleum minister and the planning minister and interior minist minister and no mention of a potential future president. we'll keep you abreast of any further developments. >> we're updated every day for events going on as far as egypt is concerned. futures are suggesting we might get a dip down at the beginning. still to come on the show dreamworks failed to give a turbo charge. the ani
i think europe will play defense and the u.s. will be worried about where its economy is going. >> it's interesting that you are saying that as a lot of people are thinking that the united states are steaming ahead, whereas europe is sort of stagnating. >> i would say the way europe has approached it is more long-term sustainable. the u.s. problems are in the future but they're major problems. the european problems are much more observable. if you like, europe has an upside down...
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both secretary of defense and secretary of state with words of warning to russia today. front-page editor of "business insider" here with us. michael, how should investors be thinking about this? >> they should be watching it very closely. ukraine is hemorrhaging money. the prime minister today said they only have $400,000 in their treasury. they have $15 billion left in foreign reserves. so they need some help. >> what's the next flash point? >> well, you definitely have to watch what's going on in crimea. the russian war games will be going on from friday to monday. the fact that there are russian flags over the regional capital and the parliament building in crimea is troublesome. then this government that was approved today, what they're going to do moving forward to get the balance sheet of the country settled. >> finally, michael, can you get a sense of a correlation between the events in ukraine as they played out today and what was happening in the market? >> i don't think i can say how it affected it, but i can say that the next couple weeks will be very importa
both secretary of defense and secretary of state with words of warning to russia today. front-page editor of "business insider" here with us. michael, how should investors be thinking about this? >> they should be watching it very closely. ukraine is hemorrhaging money. the prime minister today said they only have $400,000 in their treasury. they have $15 billion left in foreign reserves. so they need some help. >> what's the next flash point? >> well, you definitely...
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look what he did to the defense department. >> john kerry seems like he is preparing a way to say no. >> you can argue that both ways. i can't imagine that he will say eno. even the study that they put out paves the way for keystone. my guess is yes to keystone and come out with regulations on existing power plants later in the year. >> if you want to look at the most politicly expedient answer. chairman -- >> sorry i missed you last week, i got snowed in. >> we hope to see you again soon. who knows what we will be calling you in the future. >> paul. >>> coming up it's 1849 all over again. why gold prospectors are dancing. we have details after the break. check out gold prices right now. "squawk box" coming right back after this short break. >>> i love gold! ♪ >>> coming up, the investors' bulls eye on target. we speak to an analyst for reaction to the numbers and the company comments. "squawk box" on cnbc, profit from it. on your own... or with a fidelity investment professional, helping you find new ways to plan for retirement and save on taxes where you can so you can invest in t
look what he did to the defense department. >> john kerry seems like he is preparing a way to say no. >> you can argue that both ways. i can't imagine that he will say eno. even the study that they put out paves the way for keystone. my guess is yes to keystone and come out with regulations on existing power plants later in the year. >> if you want to look at the most politicly expedient answer. chairman -- >> sorry i missed you last week, i got snowed in. >> we...